A price that discourages entry is called a

In Vickery auctions, the item is awarded to the highest bidder at a price set by

a. Highest bid b. Second highest bid c. Third highest bid d. Cost

A statement that is often used to describe demand-pull inflation is:

A.  "A rising tide lifts all boats" B. "Money is easily earned, but not easily saved" C.  "Too much money chasing too few goods" D.  "There is no such thing as a free lunch"